Question 1158132
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To solve the problem,  we do not need to know the name of this banking institution.


What we  REALLY  need to know is if the account is compounded or simple.


It is  90%  probability that it is compounded,  but the problem,  had it be formulated  PROFESSIONALLY,

should say it &nbsp;<U>directly</U>, &nbsp;<U>openly</U> &nbsp;and &nbsp;<U>explicitly</U>, &nbsp;without leaving the room for the reader for his &nbsp;(or her) &nbsp;guessing or assumptions.